Share this article
BONK Climbs 4% After Binance Reclassification. Then Dips on Profit-Taking
BONK saw a 4% surge and 3.19 trillion volume as Binance removed the risk tag; the price dipped late on profit-taking.
Jul 21, 2025, 4:59 p.m.
What to know:
- BONK gained 4% to reach $0.000036 before falling back to $0.00003492.
- Binance removed BONK’s “Seed Tag,” boosting institutional sentiment.
- Session high of $0.000037 met resistance with volume peaking at 3.19 trillion tokens.
BONK delivered a strong intraday performance on July 21, rising 4% to a high of $0.000037 before late profit-taking pulled the price back to $0.00003492, ending the 24-hour window with a +1.3% gain.
The Solana-based meme token benefited from renewed investor confidence following Binance’s removal of BONK’s “Seed Tag,” a label typically applied to higher-risk projects.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The upgrade, announced on July 21, aligns BONK with more established tokens, reducing perceived regulatory risk and opening the door to greater institutional participation. The news helped drive BONK’s explosive advance between 06:00 and 13:00 UTC, with volume soaring to 3.19 trillion tokens and price breaking upward from $0.000034 to test the $0.000037 resistance zone, according to CoinDesk's technical analysis data.
Technically, BONK traded in a $0.000045 intraday range, reflecting 14% volatility from trough to peak. The advance was marked by persistently higher lows and strong accumulation below $0.000035, but a clear ceiling formed at $0.000037, where distribution began to outpace demand, according to the model.
BONK thereafter fell 2% from $0.000036 to $0.000035. The 15:32 UTC candle alone saw 73 billion tokens traded, indicating profit taking near session highs.
Despite the pullback, BONK’s structural resilience and the positive reclassification signal by Binance suggest strong underlying sentiment. Traders now look to see if the $0.000035 support zone holds, which could lay the groundwork for another breakout attempt should volume return, the model showed.
Technical Analysis Highlights
- BONK traded in a wide $0.000045 range with peak volatility of 14%.
- Price rallied from $0.000034 to $0.000037 between 06:00–13:00 UTC.
- Session high at $0.000037 faced resistance with volume peaking at 3.19T tokens.
- Binance removed BONK’s Seed Tag, improving institutional perception.
- Price dropped 2% in final hour from $0.000036 to $0.000035 on elevated sell volume.
- 73B tokens traded at 15:32 UTC marked the session’s heaviest profit-taking.
- Support now seen at $0.0000345–$0.000035 ahead of next directional move.
- Current price: $0.00003492, up 1.3% over the 24-hour period.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Prediction Markets Are Quietly Turning Into a New Asset Class, Citizens Says
The bank said event markets are still tiny versus stocks but are rapidly expanding beyond sports into macro and policy risk.
What to know:
- Citizens said prediction markets are shifting asset class from niche to emerging.
- The bank argued that event contracts fix a key flaw in traditional finance by letting investors trade directly on inflation, elections, Fed moves and regulation.
- While regulation and liquidity are hurdles, prediction markets are likely to evolve from retail-heavy speculation into a mainstream hedging and information tool that could reach multitrillion-dollar annual scale, the report said.
Top Stories
